Prudential Financial Inc. raised its position in Wolverine World Wide, Inc. (NYSE:WWW) by 129.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,154,622 shares of the textile maker’s stock after buying an additional 650,710 shares during the period. Prudential Financial Inc. owned about 1.19% of Wolverine World Wide worth $32,341,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the company. Teachers Advisors LLC increased its position in shares of Wolverine World Wide by 2.5% in the fourth quarter. Teachers Advisors LLC now owns 160,212 shares of the textile maker’s stock worth $3,517,000 after buying an additional 3,953 shares during the last quarter. Bank of Montreal Can increased its position in shares of Wolverine World Wide by 15.1% in the first quarter. Bank of Montreal Can now owns 4,840 shares of the textile maker’s stock worth $121,000 after buying an additional 635 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of Wolverine World Wide by 30.0% in the first quarter. Nationwide Fund Advisors now owns 123,305 shares of the textile maker’s stock worth $3,079,000 after buying an additional 28,445 shares during the last quarter. Glen Harbor Capital Management LLC increased its position in shares of Wolverine World Wide by 16.7% in the first quarter. Glen Harbor Capital Management LLC now owns 4,158 shares of the textile maker’s stock worth $104,000 after buying an additional 594 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Wolverine World Wide by 25.3% in the first quarter. Wells Fargo & Company MN now owns 114,690 shares of the textile maker’s stock worth $2,864,000 after buying an additional 23,149 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Wolverine World Wide, Inc. (NYSE:WWW) opened at 26.61 on Friday. Wolverine World Wide, Inc. has a 1-year low of $20.58 and a 1-year high of $28.64. The stock has a market cap of $2.57 billion, a P/E ratio of 31.27 and a beta of 0.94. The company has a 50-day moving average price of $26.96 and a 200 day moving average price of $25.77.

Wolverine World Wide (NYSE:WWW) last posted its earnings results on Wednesday, August 9th. The textile maker reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.14. Wolverine World Wide had a net margin of 3.32% and a return on equity of 15.81%. The business had revenue of $598.80 million during the quarter, compared to the consensus estimate of $573.78 million. During the same quarter in the previous year, the firm posted $0.26 EPS. The firm’s revenue was up 2.6% on a year-over-year basis. Equities analysts expect that Wolverine World Wide, Inc. will post $1.61 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Monday, October 2nd will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Friday, September 29th. Wolverine World Wide’s dividend payout ratio (DPR) is presently 28.24%.

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WWW has been the topic of a number of research analyst reports. B. Riley restated a “neutral” rating and issued a $26.00 target price on shares of Wolverine World Wide in a research note on Monday, May 8th. Telsey Advisory Group boosted their target price on Wolverine World Wide from $26.00 to $29.00 and gave the stock a “market perform” rating in a research note on Thursday, May 11th. Piper Jaffray Companies restated a “hold” rating and issued a $24.00 target price on shares of Wolverine World Wide in a research note on Thursday, May 11th. Wedbush boosted their target price on Wolverine World Wide from $7.00 to $8.00 and gave the stock an “outperform” rating in a research note on Thursday, May 11th. Finally, Zacks Investment Research upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Saturday, May 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.86.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc is a designer, manufacturer and marketer of a range of casual footwear and apparel, outdoor and athletic footwear and apparel, children’s footwear, industrial work boots and apparel, and uniform shoes and boots. It operates in four segments: Wolverine Outdoor & Lifestyle Group, which offers Merrell footwear and apparel, Cat footwear, Hush Puppies footwear and apparel, and Chaco footwear; Wolverine Boston Group, which offers Sperry footwear and apparel, Saucony footwear and apparel, and Keds footwear and apparel; Wolverine Heritage Group, which offers Wolverine footwear and apparel, Bates uniform footwear, Harley-Davidson footwear and HyTest safety footwear, and Wolverine Multi-Brand Group, which offers Stride Rite footwear and apparel, and its multi-brand consumer-direct businesses.

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Institutional Ownership by Quarter for Wolverine World Wide (NYSE:WWW)

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